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Halal Food Industry and Global Market
www.dinarstandard.com
Presented by:
Rafi-Uddin Shikoh
27 October, 2020/ 10 Rabi ul Awal, 1442
Top 4/5 Halal related products exporters (food, pharma, cosmetics) are the top 4 countries with most COVID-19 cases*
USA2
India
3
1
Brazil
4France
5
Russia
1
KSA
2UAE
3
4
Indonesia $21.3
Malaysia
5
Turkey
• Top Importers • Top Exporters
*as of July 12 2020
$200 billion of Food and Beverage imports by OIC*
countries 2019
#1 3.2 mill
# Covid-19 confirmed cases
#2 1.8 mill
#3 0.85 mill#4 0.735 mill
Muslim food consumption expected to adjust its 5-year CAGR growth rate to 3.4% versus 6.3% pre-pandemic
*as of July 12 2020
3.1%
-0.2%
5.8%
3.7%4.0% 4.1%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
Projected Global Muslim spend on food (% yoy growth, 2018-24)*
6.30%
3.40%
PRE-COVID19 2018-24 CAGR Growth %
Projection
POST-COVID192018-24 CAGR
Growth %Projection
High innovation opportunity areas
*This representation is based on upcoming State of the Global Islamic Economy Report 2020/21
Level of Impact
However, Halal food industry least impacted relative to other Islamic economy sectors
9
Source: DinarStandard synthesis and analysis, COMCEC Report 2019
OIC countries food security vulnerability segmented by four levels, driving different responses to pandemic
$200 billion of Food and Beverage imports by OIC*
countries 2019
16Source: DinarStandard synthesis and analysis
Global food supply chain disruption presents strong opportunities for Indonesian SME exporters
Top food sectors for Indonesian exports to OIC